AMERICAN LITHIUM RAISES $4,502,600 IN PRIVATE PLACEMENT
Vancouver, B.C., September 20, 2018 – American Lithium Corp. (TSXV: LI) (OTCQB: LIACF)(Frankfurt: 5LA; WKN: A2AHEL) (“American Lithium” or the “Company”) is pleased to announce the closing of its previously announced private placement.
The Private Placement consisted of the issuance of 11,256,500 units (each, a “Unit”) at a price of $0.40 per Unit for gross proceeds of $4,502,600. Each “Unit” consists of one common share of the Company and one-half common share purchase warrant. Each warrant entitles the holder to purchase one common share of the Company at a price of $0.75 per share for a period of 24 months from the closing date.